Nifty continued with its downslide with moderate volumes and -ve breadth. Important points for today.
1.Nifty down by 1.1% with 0.44 breadth.
2.218th day since the highs of 6338,18th day since the lows of 4720.
Nifty has retraced about 75% of the rise from 4720-5170.If Nifty does not breach(likely) 4720 next week, then this slide is capitulating move of wave2 and should be followed by Wave3 on upside.The range for the month till now is 340 points.
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